Desalination water treatment company Desalitech Inc.has raised an additional $5 million equity funding from Liberation Capital and its institutional investors, increasing Liberation Capital's investment in the company to $9.5 million. Desalitech has raised $13 million altogether. The funds will be used to boost growth and strengthen its position as a supplier of high-recovery low-cost industrial water treatment solutions.
Desalitech’s Closed Circuit Desalination (CCD) lowers the cost of reverse osmosis water treatment by 20-60%, compared with current desalination solutions, by increasing water-use efficiency, reducing energy consumption, increasing flexibility and reliability and greatly reducing the emission of brine waste. CCD products ability to extract purified water from challenging sources at high recovery rates, make them ideal for industrial water and effluent treatment, agricultural water supply, and inland brackish desalination.
"Industry cannot afford to waste water or the costs of using outdated treatment approaches,” said Desalitech EVP Dr. Richard Stover. “The status quo of 25% waste or more is simply no longer acceptable. Desalitech is setting a new standard by reducing waste by up to 70% and energy consumption by upwards of 30%.
Desalitech cites a UNESCO study, which says that industry accounts for nearly 60% of fresh water use in the developed world, putting tremendous stress on water resources and driving the fundamental and increasing need for more efficient and cost-effective water supply and wastewater treatment solutions. Reverse osmosisis an effective and widely-applied technology for water treatment and desalination, yet current reverse osmosis systems waste both water and energy.
Published by Globes [online], Israel business news - www.globes-online.com - on June 13, 2013
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